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. >>> washington watchdog. jon karl finds hundreds of millions of taxpayer dollars wasted. >>> lesson from the tape a little boy disappears. his first time walking home from camp. a new insight for parents about when a child should be out alone. >>> healthy living. a big change in what your doctor should be doing for you. dr. richard besser on the secrets of getting the health care you deserve. >>> and, watch out, world. the american girls who took the prize at the biggest, toughest science competition in the world. >>> good evening. for the fifth time this week, republicans and democrara were squabbling and arguing about what to do, as the clock keeps ticking down. the august 2nd deadline, when america will default on paying its debts to the world, which would cause a body blow to the american economy. the president said today he knows that people are stressed out by thaticking clock, and across the countryrywe heard it. so many people saying, this is exactly the reason they're frustrated with the way washington works. and abc's jim avila starts us off. jim? >> reporter: diane, wall street is nerv
emanuel left the interview after being asked a question about his children. here's abc's jon karl tonight. >> reporter: newly elected m mor ram emanuel's famous hot temper was on display with a interview when he refused to answer a question about where his kids will go to school. >> mary ann, let me break the news to you. my children are not in a public position. the mayor is. and as long as i'm -- >> you don't think it will be news where they go to school? >> i think you will do that. but let me -- you are asking me a value statement, n n a policy. no, you have to approaeciate th. my children are not an instrument of me being mayor. my children are my children. >> reporter: political leaders, of course, have a right to family privacy just like everyone else. but the "where do your kids go to school" question is not a new one. last year, president obama was asked if his daughters would get as good an only case in a d.c. public school as they do in private school. >> i'll be blunt with you. the answer is no right now. the d.c. public school systems are struggling. >> reporter: look what ha
down its debt. abc's jon karl explains. >> reporter: we took a journey to the u.s. mint in philadelphia for a lesson in how the government is losing money by making money. this is the presidential dollar coin. congress ordered the mint to make millions of them to honor every dead president but nobody seems to want them. they cost 32 cents a pop to make. the mint makes nearly 2 million of them every day. do the math. about 600,000 dollars a day to make them. because almost nobody uses these things, most go directly into storage. we found a bunch of them 100 miles down the road in a vault. here at the federal reserve in baltimore, the coins are packed into plastic bags stacked one on top of each other all the way up and down this aisle several aisles of them, millions and millions of dollars in presidential coins. federal reserve says they are piling up so quickly they are spending $650,000 to build a new vault in dallas to hold them. shipping the coins there will cost another $3 million. senator jack reed was one of the co-sponsors of the bill that directed the mint to make the coins. us
on the outcome. abc's jon karl joins us with the latest. what about it? how close are we finally to a deal? >> reporter: getting close to a deal. the outlines of this deal include up to $3 trillion in spending cuts over the next ten years including some cuts to popular entitlement programs like medicare and social security, also, elizabeth, it would include a promise or a commitment that congress would bring more money in through tax revenues by reforming the code, closing some of those loopholes, something that congress would act on. >> that last one, isn't that basically a tax increase in disguise? >> well, certainly some will call it that. the rates won't go up. congress would have to act over the next year. if they didn't ago, automatic steps would be taken that both sides wouldn't like which would be tax hikes and spending cuts possibly talking about repealing part of the health care bill. >> even if president obama and speaker boehner reach a deal they have their own rank and file to make happy. i was struck by a comment by barbara mikulski. we heard reports of a trillion dollar cut
Search Results 0 to 3 of about 4

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